Nearly a quarter of all new-vehicle shoppers in the third quarter considered an electrified vehicle, either a full electric vehicle or a hybrid, according to the Q3 2021 Kelley Blue Book Brand Watch report. That is the highest level of…
Revised Dec. 15, 2021 – Still low by historical standards, new-vehicle supply closed higher at the end of October than a month earlier, while the average listing price hit another record high, closing in on $45,000, according to a Cox…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.9% in the first 15 days of November compared to the month of October. This brought the Manheim Used Vehicle Value Index to 234.8, a 44.9% increase…
ATLANTA, Nov. 16, 2021 – Sales of battery-powered electric vehicles (EVs) in the United States are on track to set an all-time record in 2021, with sales up more than 88% through the end of September. With new players entering…
With market dynamics leading to record prices and at least a two-decade-low for incentives, new-vehicle affordability declined again in October. October’s affordability decline was worsened by a decline in median income, which is a product of fading government support. The…
Inflation rose in October to the highest year-over-year level since October 1990. While the consumer credit expansion pace accelerated in September, auto loan originations slowed modestly in the third quarter from the record pace of originations in the second quarter.…
Certified pre-owned (CPO) sales reached 216,957 units in October. This sales level reflects a 5% month-over-month decrease and a 7% year-over-year decrease. Despite a slowing sales pace, CPO continues its strong performance in October as an important part of the…
Access to auto credit expanded again in October, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 1.6% to 100.5 in October, reflecting that auto credit was easier to get…
New-vehicle prices jumped up for a seventh straight month and hit another all-time high in October 2021, surpassing $46,000 for the first time, according to a new report from Kelley Blue Book. At $46,036, the average transaction price (ATP) for…
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable…
